The Retail Distribution Review has set the clock ticking for those giving regulated advice and sales guidance on retail products, says Matt Smith
The message is loud and clear – get qualified by the end of 2012 or risk being out of business. At its heart, the RDR is seeking to rebuild consumer’s trust and confidence in the retail financial advice market by raising standards of professionalism through qualification. But it is naïve to think this kind of change can happen quickly. The transition will not be painless as advisers weigh up what is being asked of them to continue what many have been successfully undertaking for years. Research from the Chartered Institute of Insurance (CII) highlights consumers’ appetite for more robust...
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